Rich Energy & Haas part ways (Official)

User avatar
UnlikeUday
Posts: 8366
Joined: Sun Feb 12, 2012 2:53 pm
Location: Mumbai, India

Rich Energy & Haas part ways (Official)

Post by UnlikeUday »

As of now, they've lost the court battle against ATB Sales Limited. The same company whose logo William Storey had infringed of Whyte Bikes. Not only have they lost the case & their right to appeal but also te court has ordered Rich Energy to provide details about how much money have they invested in the Haas team.

On top of this mess, Haas team has lost all its performance especially on the race days & seem to have no solution for losing tyre performance on race days.

https://www.motorsport.com/f1/news/rich-energy-court-case-logo-haas/4487108/
Last edited by UnlikeUday on Mon Sep 09, 2019 2:47 pm, edited 3 times in total.
Feel The Fourth

Yellowbin74
Posts: 838
Joined: Fri Jul 20, 2007 6:28 pm

Re: There's Haas & there's Rich Energy (but for how long)?

Post by Yellowbin74 »

I'm glad that Rich Energy lost their case - it was such a blatant rip off. It will be interesting to see how much was invested.

I'd like to see Haas doing better - their drop in pace has happened so quickly.
Should I grow a beard?

pc27b
Posts: 745
Joined: Mon Nov 28, 2011 6:17 pm
Location: illinois

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by pc27b »

haas is basically a ferrari and they are suffering from the same problems, just less people to diagnose and fix it. rich enegy=joke

User avatar
Exediron
Posts: 7865
Joined: Sun Feb 23, 2014 3:53 am
Location: Michigan, USA
Contact:

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by Exediron »

pc27b wrote:haas is basically a ferrari and they are suffering from the same problems, just less people to diagnose and fix it. rich enegy=joke

... it's just not.
PICK 10 COMPETITION (4 wins, 16 podiums): 3rd in 2016
TOP THREE CHAMPIONSHIP (No Limit Excedrin Racing): Champions in 2015 & 2018 | 2nd in 2017 & 2019
AUTOSPORT GP PREDICTOR: 2017 USA & P-F1 Champion

User avatar
F1 MERCENARY
Posts: 2356
Joined: Wed Feb 18, 2015 5:38 pm
Location: Miami, Florida

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by F1 MERCENARY »

Sooo Not Ferrari. The Haas is a Damn Dallara and there in lies the core issue. The car was competitive until others discovered how to remedy key issues plaguing their cars. Since then the Haas has maintained it's performance but depending on the track and conditions they have an inability to maintain the proper operating temperature for the tires and either eat through and blister them, or glaze them over resulting in a loss of grip. If the Haas were a Ferrari, they could get definitive answers as to how to remedy the issue.
HAMILTON :: VERSTAPPEN :: LECLERC :: BOTTAS :: VETTEL :: SAINZ :: NORRIS
KVYAT :: RAIKKONEN :: RUSSEL :: ALBON :: RICCIARDO :: HULKENBURG :: PEREZ
STROLL :: MAGNUSSEN :: GROSJEAN :: GASLY :: GIOVANAZZI :: KUBICA

JN23
Posts: 1967
Joined: Mon Aug 08, 2016 11:14 am

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by JN23 »

So we might get to find out as to whether Rich Energy has sold any of their product in the UK now.

Do they have the cash to pay the £35,000 costs by next weekend? Didn't they have barely anything in the bank.

j man
Posts: 3427
Joined: Sun Aug 28, 2011 8:48 pm
Location: UK

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by j man »

F1 MERCENARY wrote:Sooo Not Ferrari. The Haas is a Damn Dallara and there in lies the core issue. The car was competitive until others discovered how to remedy key issues plaguing their cars. Since then the Haas has maintained it's performance but depending on the track and conditions they have an inability to maintain the proper operating temperature for the tires and either eat through and blister them, or glaze them over resulting in a loss of grip. If the Haas were a Ferrari, they could get definitive answers as to how to remedy the issue.

The chassis is Dallara. I believe the suspension geometry, which is quite fundamental to how the car works its tyres, is Ferrari's.

Anyway that is beside the point. The problem that is being pointed out is that the fundamental features of the car were designed and engineered largely by people outside of Haas, hence you effectively have a group of people trying to figure out someone else's design. It's the drawback to their outsourcing policy.

User avatar
Exediron
Posts: 7865
Joined: Sun Feb 23, 2014 3:53 am
Location: Michigan, USA
Contact:

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by Exediron »

j man wrote:
F1 MERCENARY wrote:Sooo Not Ferrari. The Haas is a Damn Dallara and there in lies the core issue. The car was competitive until others discovered how to remedy key issues plaguing their cars. Since then the Haas has maintained it's performance but depending on the track and conditions they have an inability to maintain the proper operating temperature for the tires and either eat through and blister them, or glaze them over resulting in a loss of grip. If the Haas were a Ferrari, they could get definitive answers as to how to remedy the issue.

The chassis is Dallara. I believe the suspension geometry, which is quite fundamental to how the car works its tyres, is Ferrari's.

Yes, the basic design philosophy of the car is locked in to following Ferrari's path due to shared parts. I won't argue with that -- but it's not a Ferrari copy, and it bugs me when people claim it is.
PICK 10 COMPETITION (4 wins, 16 podiums): 3rd in 2016
TOP THREE CHAMPIONSHIP (No Limit Excedrin Racing): Champions in 2015 & 2018 | 2nd in 2017 & 2019
AUTOSPORT GP PREDICTOR: 2017 USA & P-F1 Champion

User avatar
F1 MERCENARY
Posts: 2356
Joined: Wed Feb 18, 2015 5:38 pm
Location: Miami, Florida

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by F1 MERCENARY »

Regardless of Ferrari designing the suspension system, the chassis is uniquely different than Ferrari's chassis and therefore they will not perform the same. The chassis itself is different enough that there's an obvious difference in how forces are applied to the tires. as well, the Haas cars cannot brake the same, or as well/late as the Ferraris. When it comes to suspension, the viscosity of the oils used within, the spring tensions, maximum travel, all relative to ride height and rake, and even camber mean that it's a crapshoot to get the system to function anywhere close to how Ferrari set their cars up. Even still, because of the disparity in chassis performance, using an identical setup to Ferrari wouldn't likely see the Haas improve because of how their chassis and aero transfers energy to the tires.
HAMILTON :: VERSTAPPEN :: LECLERC :: BOTTAS :: VETTEL :: SAINZ :: NORRIS
KVYAT :: RAIKKONEN :: RUSSEL :: ALBON :: RICCIARDO :: HULKENBURG :: PEREZ
STROLL :: MAGNUSSEN :: GROSJEAN :: GASLY :: GIOVANAZZI :: KUBICA

pc27b
Posts: 745
Joined: Mon Nov 28, 2011 6:17 pm
Location: illinois

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by pc27b »

Exediron wrote:
j man wrote:
F1 MERCENARY wrote:Sooo Not Ferrari. The Haas is a Damn Dallara and there in lies the core issue. The car was competitive until others discovered how to remedy key issues plaguing their cars. Since then the Haas has maintained it's performance but depending on the track and conditions they have an inability to maintain the proper operating temperature for the tires and either eat through and blister them, or glaze them over resulting in a loss of grip. If the Haas were a Ferrari, they could get definitive answers as to how to remedy the issue.

The chassis is Dallara. I believe the suspension geometry, which is quite fundamental to how the car works its tyres, is Ferrari's.

Yes, the basic design philosophy of the car is locked in to following Ferrari's path due to shared parts. I won't argue with that -- but it's not a Ferrari copy, and it bugs me when people claim it is.



the suspension is what i was talking about. they both have the same issue....no temps in tires

also, last season ferrari ran very well, so did haas. this season ferrari isn't running well at all, neither is haas. there is a correlation there, at least to me there is

User avatar
UnlikeUday
Posts: 8366
Joined: Sun Feb 12, 2012 2:53 pm
Location: Mumbai, India

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by UnlikeUday »

Apparently, Rich Energy has terminated its contract with Haas team owing to the team's bad performance lately.
https://www.gpblog.com/en/news/41070/rich-energy-terminate-contract-with-haas-formula-1-team.html

Feel The Fourth

User avatar
Alienturnedhuman
Posts: 3849
Joined: Thu Feb 13, 2003 9:39 pm

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by Alienturnedhuman »

UnlikeUday wrote:Apparently, Rich Energy has terminated its contract with Haas team owing to the team's bad performance lately.
https://www.gpblog.com/en/news/41070/rich-energy-terminate-contract-with-haas-formula-1-team.html


That tweet is either revealing their delusions, idiocy or just trying to deflect from their own internal issues. While I don't want to see Haas losing out on money, I think the sport is better without this toxic sponsor.

User avatar
Lojik
Posts: 1427
Joined: Mon Nov 05, 2012 3:58 pm
Location: London
Contact:

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by Lojik »

Alienturnedhuman wrote:
UnlikeUday wrote:Apparently, Rich Energy has terminated its contract with Haas team owing to the team's bad performance lately.
https://www.gpblog.com/en/news/41070/rich-energy-terminate-contract-with-haas-formula-1-team.html


That tweet is either revealing their delusions, idiocy or just trying to deflect from their own internal issues. While I don't want to see Haas losing out on money, I think the sport is better without this toxic sponsor.


Feels like they got Trump to write that tweet for them.

Todd
Posts: 144
Joined: Sun Jan 25, 2004 8:26 pm

Re: Now Rich Energy & Haas part ways?

Post by Todd »

That doesn't seem like a very gracious way to bail on a team due to their own shady business issues.
Does anyone think that there has ever been a moment of frustration with his father when Max has pointed out to Jos that he was the Pierre Gasly of 1994?

User avatar
Black_Flag_11
Posts: 8013
Joined: Thu May 23, 2013 1:05 pm

Re: Now Rich Energy & Haas part ways?

Post by Black_Flag_11 »

Does this mean they no longer have to disclose their (lack of) finances?

Clearly been dodgy and full of it since the beginning and everyone saw through it. I'm assuming the Haas livery will either remain as it is as they haven't had time to repaint the cars or they will default to last years livery.

wolfticket
Posts: 1415
Joined: Tue Sep 15, 2009 2:03 pm

Re: Now Rich Energy & Haas part ways?

Post by wolfticket »

As long as Haas themselves survive it's good news to have businesses like Rich Energy out of F1.
===\ō͡≡\ō͡≡o˞̶ ===\ō͡≡\ō͡≡o˞̶ ===\ō͡≡\ō͡≡o˞̶ ===\ō͡≡\ō͡≡o˞̶ ===\ō͡≡\ō͡≡o˞̶===

User avatar
Flash2k11
Posts: 2914
Joined: Sun Oct 09, 2005 2:06 pm
Location: England
Contact:

Re: Now Rich Energy & Haas part ways?

Post by Flash2k11 »

I wouldn't usually encourage people onto other forums, but the Rich Energy topic on Autosport is a fantastic read, and will give you some real insight into just how crooked the entire operation is. I have my suspicions about the ultimate purpose of Rich Energy, but i'm afraid the libel laws wont allow me to post them in here. Needless to say, regardless of wether or not Haas ever saw real money, I think they are much, much better off out of it.
2018 Pick 10 Champion

Jenson's Understeer
Posts: 3509
Joined: Wed Feb 29, 2012 5:47 pm

Re: Now Rich Energy & Haas part ways?

Post by Jenson's Understeer »

Flash2k11 wrote:I wouldn't usually encourage people onto other forums, but the Rich Energy topic on Autosport is a fantastic read, and will give you some real insight into just how crooked the entire operation is. I have my suspicions about the ultimate purpose of Rich Energy, but i'm afraid the libel laws wont allow me to post them in here. Needless to say, regardless of wether or not Haas ever saw real money, I think they are much, much better off out of it.


68 pages :lol: Is there a cliff-notes/summary version of the thread for those of us who haven't seen any of it prior to today?

Not trying to be lazy, btw. Genuinely curious. I did go back through the last couple of pages (prior to the ones following today's tweet) but there is so much going on it's difficult to know where one 'thread' in the discussion ends and the next one begins.
Pick 10 | 1st x3, 2nd x3, 3rd x8
2019: 11th | 2018: 5th | 2017: 6th | 2016: 8th | 2015: 2nd | 2014: 15th | 2013: 17th | 2012: 11th

User avatar
Flash2k11
Posts: 2914
Joined: Sun Oct 09, 2005 2:06 pm
Location: England
Contact:

Re: Now Rich Energy & Haas part ways?

Post by Flash2k11 »

Jenson's Understeer wrote:
Flash2k11 wrote:I wouldn't usually encourage people onto other forums, but the Rich Energy topic on Autosport is a fantastic read, and will give you some real insight into just how crooked the entire operation is. I have my suspicions about the ultimate purpose of Rich Energy, but i'm afraid the libel laws wont allow me to post them in here. Needless to say, regardless of wether or not Haas ever saw real money, I think they are much, much better off out of it.


68 pages :lol: Is there a cliff-notes/summary version of the thread for those of us who haven't seen any of it prior to today?

Not trying to be lazy, btw. Genuinely curious. I did go back through the last couple of pages (prior to the ones following today's tweet) but there is so much going on it's difficult to know where one 'thread' in the discussion ends and the next one begins.


You'd probably need to read the whole thing to gain the full insight, but the TL;DR version is that the whole enterprise is either a complete shower of **** that Storey has somehow gotten a few backers to invest in (unlikely), or something rather more murky, something of a vehicle to 'pass' money through (the diplomatic description). Either way, Storey appears to be an absolute fantasist who has been let loose to play with other peoples money, and isn't making a particularly good job with it.

That said, he's had a few months jetsetting and rubbing shoulders with the racing great and good... maybe that was the aim after all.
2018 Pick 10 Champion

User avatar
Exediron
Posts: 7865
Joined: Sun Feb 23, 2014 3:53 am
Location: Michigan, USA
Contact:

Re: There's Haas & there's Rich Energy (Nearing trouble)?

Post by Exediron »

Lojik wrote:
Alienturnedhuman wrote:
UnlikeUday wrote:Apparently, Rich Energy has terminated its contract with Haas team owing to the team's bad performance lately.
https://www.gpblog.com/en/news/41070/rich-energy-terminate-contract-with-haas-formula-1-team.html


That tweet is either revealing their delusions, idiocy or just trying to deflect from their own internal issues. While I don't want to see Haas losing out on money, I think the sport is better without this toxic sponsor.

Feels like they got Trump to write that tweet for them.

Everything about Rich Energy feels that way. I hope we've seen the last of them.
PICK 10 COMPETITION (4 wins, 16 podiums): 3rd in 2016
TOP THREE CHAMPIONSHIP (No Limit Excedrin Racing): Champions in 2015 & 2018 | 2nd in 2017 & 2019
AUTOSPORT GP PREDICTOR: 2017 USA & P-F1 Champion

Yellowbin74
Posts: 838
Joined: Fri Jul 20, 2007 6:28 pm

Re: Now Rich Energy & Haas part ways?

Post by Yellowbin74 »

How did this get through Haas due diligence??
Should I grow a beard?

Charles LeBrad
Posts: 339
Joined: Thu Dec 24, 2009 8:31 am

Re: Now Rich Energy & Haas part ways?

Post by Charles LeBrad »

Yeah, my Spider sense has been tingling about these guys. Praise Tom Cruise they didn’t buy Racing Point!

I’ve suspected it’s either a front, or some kind of weird Fyre Festival type long con.

But yeah, that tweet was just unprofessional. Good luck to them.

j man
Posts: 3427
Joined: Sun Aug 28, 2011 8:48 pm
Location: UK

Re: Now Rich Energy & Haas part ways?

Post by j man »

Knew this would end in tears. Unfortunately it reflects poorly on Haas that they fell for it when even the members of this forum could tell that the whole operation was fishy. I would've expected better of Gene Haas to be honest.

Todd
Posts: 144
Joined: Sun Jan 25, 2004 8:26 pm

Re: Now Rich Energy & Haas part ways?

Post by Todd »

Yellowbin74 wrote:How did this get through Haas due diligence??


I'm guessing they performed the same level of due diligence I would were someone offering me tens of millions of Euros.
Does anyone think that there has ever been a moment of frustration with his father when Max has pointed out to Jos that he was the Pierre Gasly of 1994?

User avatar
UnlikeUday
Posts: 8366
Joined: Sun Feb 12, 2012 2:53 pm
Location: Mumbai, India

Re: Now Rich Energy & Haas part ways?

Post by UnlikeUday »

News about parting ways only has been made on Twitter. There's no official news or confirmation regarding this either from Haas or on F1's official website. I read somewhere what if Rich Energy's Twitter a/c was hacked or all this was just a PR stunt.
Last edited by UnlikeUday on Thu Jul 11, 2019 2:27 am, edited 1 time in total.
Feel The Fourth

Ruste13
Posts: 355
Joined: Sun Feb 03, 2013 12:35 pm
Location: Perth, Western Australia

Re: Now Rich Energy & Haas part ways?

Post by Ruste13 »

Do you mean Rich Energys account hacked? Thats where the announcement is.

User avatar
UnlikeUday
Posts: 8366
Joined: Sun Feb 12, 2012 2:53 pm
Location: Mumbai, India

Re: Now Rich Energy & Haas part ways?

Post by UnlikeUday »

Ruste13 wrote:Do you mean Rich Energys account hacked? Thats where the announcement is.


Oops. A typo mistake. This news about parting ways is only on a Twitter a/c of Rich Energy.
Feel The Fourth

pc27b
Posts: 745
Joined: Mon Nov 28, 2011 6:17 pm
Location: illinois

Re: Now Rich Energy & Haas part ways?

Post by pc27b »

j man wrote:Knew this would end in tears. Unfortunately it reflects poorly on Haas that they fell for it when even the members of this forum could tell that the whole operation was fishy. I would've expected better of Gene Haas to be honest.



yep this was a joke from the start. i would guess one check was cashed....but haas did time for tax evasion, he is no angel

pc27b
Posts: 745
Joined: Mon Nov 28, 2011 6:17 pm
Location: illinois

Re: Now Rich Energy & Haas part ways?

Post by pc27b »

Todd wrote:
Yellowbin74 wrote:How did this get through Haas due diligence??


I'm guessing they performed the same level of due diligence I would were someone offering me tens of millions of Euros.



that's hilarious!!

User avatar
tootsie323
Posts: 3068
Joined: Sun Apr 05, 2009 5:52 am

Re: Now Rich Energy & Haas part ways?

Post by tootsie323 »

Today @rich_energy terminated our contract with @HaasF1Team for poor performance...

To be fair, it hasn't specified whether it's Hass' performance or their own (yes... the remainder of the tweet makes it pretty clear). I'm sure they'll be missed.
Where I'm going, I don't need roads

Herb
Posts: 2304
Joined: Wed Dec 04, 2013 4:42 pm

Re: Now Rich Energy & Haas part ways?

Post by Herb »


BMWSauber84
Posts: 652
Joined: Sat Oct 14, 2017 1:19 pm

Re: Now Rich Energy & Haas part ways?

Post by BMWSauber84 »

An embarassing episode for Haas and F1 really. Absolute clowns.

User avatar
Flash2k11
Posts: 2914
Joined: Sun Oct 09, 2005 2:06 pm
Location: England
Contact:

Re: Now Rich Energy & Haas part ways?

Post by Flash2k11 »

Well, HAAS have bank guarantees, so they are getting their money one way or the other. At this point, it just kind of feels like Storey was set up to be the patsy if it all went belly up, and now he suddenly has ideas above his station, making decisions which the real money men are already clearly rowing back on. He clearly never had the money nor the power behind the business, and quite why he was chosen to be the forward facing man of the organisation is up for interpretation.

My personal interpretation isn't pretty.
2018 Pick 10 Champion

JN23
Posts: 1967
Joined: Mon Aug 08, 2016 11:14 am

Re: Now Rich Energy & Haas part ways?

Post by JN23 »

Have Haas said anything on this yet? Expected a statement from them by now

User avatar
Exediron
Posts: 7865
Joined: Sun Feb 23, 2014 3:53 am
Location: Michigan, USA
Contact:

Re: Now Rich Energy & Haas part ways?

Post by Exediron »

The plot... congeals:

https://www.autosport.com/f1/news/14472 ... hind-tweet
https://www.autosport.com/f1/news/14473 ... -ludicrous

"The ludicrous statement by minority shareholders cosy with Red Bull and Whyte Bikes is risible.

"Their attempted palace coup has failed.

"I [Storey] control all of the assets of Rich Energy and have support of all key stakeholders".

Are we certain that Storey isn't actually Donald Trump wearing a mask, Scooby Doo style? :lol:
PICK 10 COMPETITION (4 wins, 16 podiums): 3rd in 2016
TOP THREE CHAMPIONSHIP (No Limit Excedrin Racing): Champions in 2015 & 2018 | 2nd in 2017 & 2019
AUTOSPORT GP PREDICTOR: 2017 USA & P-F1 Champion

j man
Posts: 3427
Joined: Sun Aug 28, 2011 8:48 pm
Location: UK

Re: Now Rich Energy & Haas part ways?

Post by j man »

Exediron wrote:The plot... congeals:

https://www.autosport.com/f1/news/14472 ... hind-tweet
https://www.autosport.com/f1/news/14473 ... -ludicrous

"The ludicrous statement by minority shareholders cosy with Red Bull and Whyte Bikes is risible.

"Their attempted palace coup has failed.

"I [Storey] control all of the assets of Rich Energy and have support of all key stakeholders".

Are we certain that Storey isn't actually Donald Trump wearing a mask, Scooby Doo style? :lol:

This is just utterly bizarre. Turns out that appearances weren't deceptive after all and this Storey character really is as unhinged as he looks.

How humiliating for the Haas team. If Gunther Steiner emerges from this fiasco with his job intact I will be stunned.

RaggedMan
Posts: 4825
Joined: Tue Oct 04, 2011 1:00 pm

Re: Now Rich Energy & Haas part ways?

Post by RaggedMan »

This is just insane. I thought the Rich Energy deal was a bad idea to start with but is taking on a life of its own now.

I really can’t see how dealing with this guy passed due diligence. Way too much smoke and mirrors involved in the whole setup. This is not the kind of PR a new team needs.
{Insert clever sig line here}

Charles LeBrad
Posts: 339
Joined: Thu Dec 24, 2009 8:31 am

Re: Now Rich Energy & Haas part ways?

Post by Charles LeBrad »

RaggedMan wrote:This is just insane. I thought the Rich Energy deal was a bad idea to start with but is taking on a life of its own now.

I really can’t see how dealing with this guy passed due diligence. Way too much smoke and mirrors involved in the whole setup. This is not the kind of PR a new team needs.


I think the way he passed due diligence was something like this

Image

Source: https://media.giphy.com/media/8gjWMXlOr ... /giphy.gif

User avatar
UnlikeUday
Posts: 8366
Joined: Sun Feb 12, 2012 2:53 pm
Location: Mumbai, India

Re: Now Rich Energy & Haas part ways?

Post by UnlikeUday »

Haas seeking $35m from Rich Energy as a breach of contract. I bet Rich Energy will give this amount.
https://formulaspy.com/formula-1/haas-seeking-35-million-from-rich-energy-for-contract-breach-62848
Feel The Fourth

RaggedMan
Posts: 4825
Joined: Tue Oct 04, 2011 1:00 pm

Re: Now Rich Energy & Haas part ways?

Post by RaggedMan »

Storey is out and company name changed to Lightning Volt Energy. Not clear how Hass is effected yet.
https://jalopnik.com/embattled-f1-sponsor-rich-energy-is-now-lightning-volt-1836415910
{Insert clever sig line here}

Post Reply